Portofino Discovers New Sulphide Mineralization Zone, South of Otter Project, Red Lake, Ontario
Vancouver, British Columbia--(Newsfile Corp. - June 23, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) ("Portofino" or the "Company") is pleased to announce the successful completion of its recent field program on the South of Otter project near Red Lake, Ontario. The Company conducted prospecting and geological mapping along strong conductors identified in both the Company's winter electromagnetic ("EM") ground survey, and by Gold Corp's interpretation of 2001 airborne magnetic...
2020-06-23 9:00 AM EDT
Portofino Acquires Melema West Gold Property, Atikokan, Ontario
Vancouver, British Columbia--(Newsfile Corp. - June 11, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) ("Portofino" or the "Company") is pleased to announce it has executed a binding agreement to acquire 6 claims (41 cells) totaling 869 hectares in the Atikokan area of northwestern Ontario. The Melema West Property (the "Property") is located 28 kilometers ("km") northeast of the town of Atikokan, Ontario, 5km north of the Quetico Fault (Figure 1) and has excellent road access. The...
2020-06-11 8:00 AM EDT
Portofino Mobilizes Crew to Follow up on Sulphides Discoveries South of Otter Project, Red Lake, Ontario
Vancouver, British Columbia--(Newsfile Corp. - June 2, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) ("Portofino" or the "Company") is pleased to announce it has mobilized its exploration team to its South of Otter Project. The team is at site now and is focusing on the recently discovered geophysical anomalies and outcrops of sulphide mineralization. The work program includes additional prospecting, detailed structural mapping, and outcrop channel sampling based on conductors...
2020-06-02 8:00 AM EDT
Portofino Acquires Sapawe West, Atikokan Ontario Property
Vancouver, British Columbia--(Newsfile Corp. - May 27, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) ("Portofino" or the "Company") is pleased to announce it has executed a binding agreement to acquire 3 claims (54 cells) totaling 1,147 hectares in the Steep Rock Greenstone Belt of northwestern Ontario. The Sapawe West Property (the "Property") is located in McCaul Township 9 kilometers ("km") northeast of Atikokan, Ontario. The Property lies within the Steep Rock Greenstone Belt...
2020-05-27 8:00 AM EDT
Portofino Executes Option to Acquire Gold Creek, Ontario Property
Vancouver, British Columbia--(Newsfile Corp. - May 20, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) ("Portofino" or the "Company") is pleased to report it has executed a binding option agreement (the "Agreement") for the right to acquire a 100% interest in the Gold Creek Property (the "Property"), a mining claim block located in Duckworth Township, northwestern Ontario. The claim
2020-05-20 8:00 AM EDT
Portofino Identifies 3 Significant Conductors in Geophysical Program - South of Otter, Red Lake, Ont
Vancouver, British Columbia--(Newsfile Corp. - May 14, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) ("Portofino" or the "Company") is pleased to report that it has received results from its 19-line kilometer ("km") winter geophysical program. The program consisted of a Very-Low Frequency (VLF) Electromagnetic (EM) survey. This survey method is widely used in gold exploration and has been proven effective in delineating geological contacts and mineralized shear zones in the Red...
2020-05-14 8:00 AM EDT
Portofino Closes Oversubscribed Financing
Vancouver, British Columbia--(Newsfile Corp. - May 5, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) ("Portofino" or the "Company") reports that it has been oversubscribed on its previously announced $300,000 non-brokered private placement and closed on $332,500 priced at $0.05/Unit. Portofino insiders subscribed for 2 million units. Each Unit consists of one common share and one 2-year common share purchase warrant. Each whole warrant is exercisable for one Common Share of the...
2020-05-05 11:11 AM EDT
Portofino Announces $300,000 Financing
Vancouver, British Columbia--(Newsfile Corp. - April 27, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) ("Portofino" or the "Company") reports that due to overwhelming interest in its previously announced, oversubscribed $550,000 private placement, the Company announces a $300,000 placement consisting of up to 6 million Units priced at $0.05/Unit. Portofino insiders intend to subscribe for a minimum 2 million units. Each Unit consists of one common share and one 2-year common share...
2020-04-27 3:00 PM EDT
Portofino Closes Oversubscribed Financing
Vancouver, British Columbia--(Newsfile Corp. - April 24, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) ("Portofino" or the "Company") reports that it has been oversubscribed on its previously announced $500,000 non-brokered private placement and closed on $550,000 priced at $0.035/Unit. Each Unit consists of one common share and one 2-year common share purchase warrant. Each whole warrant is exercisable for one Common Share of the Company for a period of 24 months from closing at...
2020-04-24 6:07 PM EDT
Portofino Amends Pricing of $500,000 Financing
Vancouver, British Columbia--(Newsfile Corp. - April 7, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) ("Portofino" or the "Company") reports that it is amending the pricing of its previously announced non-brokered private placement for up to $500,000 to $0.035/Unit. Each Unit consists of one common share and one 2-year common share purchase warrant. Each whole warrant is exercisable for one Common Share of the Company for a period of 24 months from closing at an exercise price of...
2020-04-07 2:01 PM EDT
Portofino Announces AGM Results
Vancouver, British Columbia--(Newsfile Corp. - March 31, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) ("Portofino" or the "Company") wishes to announce that all management resolutions proposed in the Management Proxy Circular were approved by shareholders at its Annual General Meeting ("AGM") held Tuesday March 31, 2020, including: The number of Directors for the Company was set at three. The three members elected to the Board of Directors include: David G. Tafel, Stephen J....
2020-03-31 4:14 PM EDT
Portofino Provides Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - March 25, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) ("Portofino" or the "Company") reports that given the extreme market volatility in world equity markets, the Company is doing everything it can to meet these very challenging conditions. Portofino is following government and health official guidelines and in keeping with physical distancing recommendations, taking precautions to minimize health risks to all stakeholders. Despite a...
2020-03-25 11:12 AM EDT
Portofino Announces $500,000 Financing
Vancouver, British Columbia--(Newsfile Corp. - March 6, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) ("Portofino" or the "Company") reports that it is undertaking a non-brokered private placement for up to $500,000 priced at $0.05/Unit. Each Unit consists of one common share and one 2-year common share purchase warrant. Each whole warrant is exercisable for one Common Share of the Company for a period of 24 months from closing at an exercise price of $0.08. Proceeds from this...
2020-03-06 6:00 AM EST
Portofino Executes Agreement to Sell Interest in Lithium Project
Vancouver, British Columbia--(Newsfile Corp. - February 25, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) ("Portofino" or the "Company") is pleased to report it has executed a Binding Heads of Agreement ("Agreement") with Galan Lithium Limited ("Galan") for the purchase and assignment of Portofino's right to earn a 100% interest in the Del Condor and Pucara lithium brine salar projects in Argentina. Pending the completion of due diligence and any regulatory approvals, Galan will...
2020-02-25 6:29 PM EST
Portofino Commences Exploration on Its Red Lake, Ontario Property
Vancouver, British Columbia--(Newsfile Corp. - February 13, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) ("Portofino" or the "Company") is pleased to report that its exploration crew has mobilized to site and commenced exploration work on its South of Otter property located in the Red Lake mining district. The first phase of Portofino's 2020 exploration program consists of approximately 25-line kilometers ("km") of ground VLF/EM geophysics and soil geochemistry surveys. The...
2020-02-13 12:15 AM EST
Portofino Plans to Implement Exploration Activities on Its Red Lake, Ontario Property
Vancouver, British Columbia--(Newsfile Corp. - January 30, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) ("Portofino" or the "Company") reports that it has completed a review of all the available historical assessment work on its South of Otter property located in the Red Lake mining district and is planning to implement an initial exploration program commencing in February. The first phase of the program will consist of ground VLF/EM geophysics and soil geochemistry surveys....
2020-01-30 12:30 AM EST
Portofino Executes Red Lake, Ontario Property Agreement
Vancouver, British Columbia--(Newsfile Corp. - September 26, 2019) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) ("Portofino" or the "Company") is pleased to announce it has signed a binding agreement (the "Agreement") for the right to acquire a 100% interest in a mining claim block located in the Red Lake mining district in northwest Ontario. The claim block comprises 14 mining claims containing 256 contiguous cell units and covers approximately
2019-09-26 5:30 PM EDT
Portofino Reports Positive Geophysical Survey Hombre Muerto Salar-Argentina
Vancouver, British Columbia--(Newsfile Corp. - July 3, 2019) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POT) ("Portofino" or the "Company") is pleased to announce geophysical survey results completed on its Hombre Muerto West lithium brine project ("the Project"). Project Highlights Include: Conductivity anomalies, (interpreted as potential Lithium brine-bearing strata), extend from surface to a depth of 250 meters and for at least 2.5 kilometers across the Project Elevated near-surface...
2019-07-03 12:15 AM EDT
Portofino Reports Positive Sampling Results - Yergo Lithium Brine Project
Vancouver, British Columbia--(Newsfile Corp. - May 27, 2019) - PORTOFINO RESOURCES INC. (TSXV:POR) (FSE: POT) ("Portofino" or the "Company") is pleased to announce initial sampling results at its Yergo lithium brine Project, located at the Aparejos Salar in the Province of Catamarca, Argentina, within 15 km of Neo Lithium Corp's advanced 3Q Project. The exploration program consisted of surface and near-surface brine sampling and geological mapping. Hand augers were utilized to obtain the...
2019-05-27 12:30 AM EDT
Portofino Terminates Iron Horse BC Property Option
Vancouver, British Columbia--(Newsfile Corp. - April 26, 2019) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POT) ("Portofino" or the "Company") announces that Rich River Exploration Ltd. ("the Optionor"), and the Company have agreed to terminate the Iron Horse-Bolivar mineral property option agreement. The Company was granted an option to acquire a 100% interest in the property in February 2012 which was originally comprised of seven mineral claims located in the Peachland region of British...
2019-04-26 4:54 PM EDT